How Welcome Tech is working to drive financial inclusion for immigrants in the US
FinTech Futures speaks to Amir Hemmat, co-founder and CEO of Welcome Tech.
Financial Inclusion
Finovate Europe 2022: how the industry should work together to drive financial inclusion
Panelists from Morgan Stanley, Papara and Monzo discussed the ways to achieve more financial inclusion in fintech.
Fintech start-up Stilt secures $114m in debt and equity funding
The firm raised $14m in a Series A funding round and secured a new $100m debt facility.
African neobank 4G Capital completes Series C round
Global private equity fund Lightrock is investing $18.5 million in the financial inclusion player.
Banco de la Nación del Perú live with Temenos core banking system
The cloud-based Temenos Transact platform supports Cuentas DNI, the bank’s new digital account.
Payments for good – promoting financial inclusion
Vijay Oddiraju, CEO of Volante Technologies, looks at ways the payments industry can provide the rails for inclusiveness.
HSBC to shutter 69 UK branches as more customers move online
HSBC says no planned closures are the last bank branch in town.
Nigerian mobility fintech Moove raises $105m to expand to Asia and MENA
Money will be used to expand Moove to seven new markets across Asia and MENA over the next six months.
Pakistani B2B e-commerce platform Bazaar lands $70m Series B
The latest investment takes Bazaar’s total capital raised to more than $100 million.
Credit Libanais, Codebase Technologies and Visa team for financial inclusion in Lebanon
Credit Libanais launches an instant, fully e-KYC onboarding mobile application for a virtual prepaid card.
US fintechs Selfbook and Stellar raise funds
New York-based Selfbook landed $15 million, while Austin-based Stellar raised $7 million.
ICYMI fintech funding round-up: in3, Noh, PictureWealth, Touché, and Yep!
Our weekly fintech round-up for you to get the latest funding news from around the world.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
Airtel partners Axis Bank to boost India’s digital financial services ecosystem
The Airtel Axis Bank credit card is the first product to be launched under the partnership.
A new world: Mission Lane on helping the underbanked build credit
FinTech Futures discusses financial inclusion in the US with Mission Lane CEO Shane Holdaway.
Youth-focused fintech FinZi set to launch in Colombia
FinZi has already secured a pre-seed capital raise worth $350,000.
African asset financing platform M-Kopa raises $75m in funding
M-Kopa will use the new cash to grow its team and expand into additional countries.
Banking Tech Awards 2022 now open for nominations
The awards are open to banks, financial institutions, technology and service providers, teams and individuals.
Aussie banking app Douugh taps TrueLayer for open banking data access
Australia’s Consumer Data Right framework enables the sharing of customer data between banks and fintechs.
Vietnam’s HD Bank selects Thought Machine for core banking platform upgrade
HD Bank’s multi-year transformation will initially consist of upgrading its core platforms and internal workflows.
Indian neobank Niyo lands $100m Series C to boost product development
Niyo CTO says: “We are seeing massive tailwinds for digital financial products since Covid-19.”
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Fronted appoints new CTO as co-founder Simon Vans-Colina joins Singapore’s BigPay
Fronted’s lead software engineer Jonathan Kim has been promoted to the role of CTO.
Colombian neobank Plurall launches to serve LatAm’s SMEs and entrepreneurs
Plurall was founded in August last year and has raised $1.3 million in pre-seed funding.
Philippines’ PayMongo raises $31m Series B to support nation’s SMEs
The Manila-based start-up has now raised around $46 million in total capital.
Education financing platform Propelld raises $35m Series B
The start-up intends to add another 100 to 150 employees to its already 150-strong workforce.
Askari Bank taps Hysab Kytab for personal financial management tech integration
The integration of the PFM solution forms part of the bank’s ongoing digitisation strategy.
SME financing platform Funding Societies raises $294m in equity and debt
The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.
NatWest and RBS to shutter 32 branches in England and Wales
The UK banking giant says it has taken steps to mitigate the impact of the closures.
Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
Wealthtech FNZ secures $1.4bn investment
The company says the investment is one of the largest ever primary equity raises in the sector.
ICYMI fintech funding round-up: Brick, Cynomi, Infina, Fintern, Pyypl, Streetbeat, Tiba, & more
Our weekly round-up for you to get the latest fintech funding news.
Digital bank Tonik raises $131m, eyes international expansion
Tonik’s Series B equity funding round was led by Japanese banking heavyweight Mizuho Bank.
Fintech for migrants Rewire lands $25m investment
The investment will be used to bring insurance products to Rewire’s 600,000 users.
Lowering the ladder: how NY fintech Xrent plans to help millennials become homeowners
“We have seen a widening wealth gap trend without much sign of slowing down,” says Xrent.
B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
Colombian paytech Bold secures $55m Series B to boost financial inclusion
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
Chilean digital lender Mento goes live with Mambu’s tech
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
Teaching AI to have a heart
Unpicking bias in AI is a whole new fintech opportunity and one that appears to be very needed.
Canadian fintech Koho lands $165m Series D funding
The firm says the investment is one of Canada’s largest fintech funding rounds.
